neolmar3958 neolmar3958
  • 26-03-2018
  • Business
contestada

Why would an economist use real gdp rather than nominal gdp to measure growth?

Respuesta :

sophyyyy
sophyyyy sophyyyy
  • 26-03-2018
real gdp changes only when there are changes in quantities of production
but nominal gdp will change when there are changes either in quantities or price involved in production
Answer Link

Otras preguntas

A _____ is a horizontal stem that can divide and grow in several directions at once.
If a characteristic is X-linked it A. occurs mostly in males. B. occurs mostly in females. C. is always fatal. D. isn't any different than a normal allele.
What is the most significant factor that controls the development of soil? A. Topography B. Time C. Climate D. Parent material geography
All of the following are guiding principles of a historian EXCEPT: A. accuracy B. honesty C. subjectivity D. empathy
In which system do privately owned companies compete for profit in an open market? A. Socialism B. Capitalism C. Communism D. Federalism
divide express your answer in lowest terms -2/15 divided by (-2/5)? Please answer fast!!!!
Which era saw the emergence of dinosaurs?
is 7/16 bigger than,smaller than or equal to 1/2
What is the amount of heat energy released when 50.0 grams of water is cooled from 20.0°C to 10.0°C?
Mussolini saw the expansion of Italy as a way to increase a. national pride. b. pressure on their neighbors. c. goodwill toward their neighbors. d. pressure on